Alteryx (NYSE:AYX) had its price objective lifted by analysts at Needham & Company LLC from $65.00 to $74.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 27.85% from the company’s current price.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Alteryx from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Citigroup set a $81.00 target price on shares of Alteryx and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Oppenheimer raised their price target on shares of Alteryx from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. DA Davidson raised their price target on shares of Alteryx to $52.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Finally, JMP Securities raised their price target on shares of Alteryx from $45.00 to $52.00 and gave the stock a “market outperform” rating in a report on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Alteryx presently has an average rating of “Buy” and an average target price of $66.45.
Shares of NYSE AYX opened at $57.88 on Thursday. Alteryx has a twelve month low of $23.00 and a twelve month high of $67.40. The firm has a market cap of $3.57 billion, a P/E ratio of -186.71 and a beta of 0.99. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.91.
Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.13. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.38%. The business had revenue of $54.18 million during the quarter, compared to the consensus estimate of $49.79 million. During the same quarter last year, the firm earned $0.02 earnings per share. Alteryx’s quarterly revenue was up 58.6% on a year-over-year basis. On average, research analysts predict that Alteryx will post -0.47 EPS for the current fiscal year.
In other news, Chairman Dean Stoecker sold 40,000 shares of Alteryx stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $61.54, for a total transaction of $2,461,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Robert Scott Jones sold 4,167 shares of Alteryx stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $57.33, for a total transaction of $238,894.11. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 194,855 shares of company stock valued at $9,551,233 and sold 3,390,485 shares valued at $187,381,390. Company insiders own 39.01% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AYX. NumerixS Investment Technologies Inc acquired a new position in shares of Alteryx during the second quarter valued at about $130,000. Bessemer Group Inc. acquired a new position in shares of Alteryx during the third quarter valued at about $140,000. Truvestments Capital LLC acquired a new position in shares of Alteryx during the third quarter valued at about $169,000. State Treasurer State of Michigan acquired a new position in shares of Alteryx during the third quarter valued at about $203,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Alteryx during the third quarter valued at about $235,000. Hedge funds and other institutional investors own 43.05% of the company’s stock.
Alteryx Company Profile
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
Further Reading: Fundamental Analysis and Individual Investors
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